Smart Optionshttps://smartoptions.io
Trade. Invest. Crypto.Sun, 07 Jun 2020 07:41:08 +0000en-US
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3232Smart Options Is Expanding Into Something New, And You Will Definitely Love It!https://smartoptions.io/smart-options-is-expanding-into-something-new/
https://smartoptions.io/smart-options-is-expanding-into-something-new/#respondSat, 06 Jun 2020 08:00:00 +0000https://smartoptions.io/?p=11060Over the years, we have educated our readers about cryptocurrency and cryptocurrency trading. We appreciate the numerous readers that have followed us consistently. If you are reading this, we know you are one of them, and we do not make light of this.

Our reviews cut across various topics — Bitcoin exchanges, trading bots, trading signal providers and digital banking — in a bid to guide our readers into making educated decisions regarding their investments in the investing sphere. Just like our name, we aim to present smart investment options to our community. We find this necessary because the cryptocurrency and the investment world is ridden with cynicism. Many are skeptical about making investments because they are afraid of the risks, afraid of losing money. Others assume that investments are too complicated to understand. While some absolutely have no interest in making investments at all. Whether skepticism, misconception or apathy towards investments, these individuals believe the old saying: a bird in the hand is worth two in the bush. However, when it comes to money this proverb doesn’t hold.

The world has gone through cycles of economic meltdowns and inflation. As a result, money depreciates in value and purchasing power. For instance, a sum of $10,000 saved in the bank four years ago would experience little or no increase in value today — because even with accumulated interest the force of inflation coupled with rising price of goods and service would negate its value. However, if that same sum was used to purchase Bitcoin four years back when its price was $600, today that $10,000 investment would have grown to about $164,000. (Price of Bitcoin was $9,850 as at the time of writing.) In another assumption, if the person had invested the same amount into Ethereum which was $4 four years ago, today, that investment would have been worth about $610,000. (Price of Ether was around $244 as at the time of writing.)

Calculations such as these have made some individuals shrug off skepticism as they plunge into trading without understanding the basics. Driven by the desire for quick profit, they are unable to control their emotions as they trade, and this always ends in failure. Apart from trading poorly, the inability of these individuals to control their emotions also exposes them to scams like fake coins, fake ICOs, Ponzi and pyramid schemes, fake crypto exchanges, and pump and dump scams.

Trading is not a one-time affair, therefore through our articles, we aim to make our readers imbibe the right philosophy for trading. We d0n’t just want our readers to trade, we want them to learn — to see trading as a culture. That way, we are able to protect them from scams. Trading, for them, should be a long-term investment and a means of making passive income. It is for this reason we are expanding our educational articles to encompass other trading instruments such as gold, silver, exchange-traded funds, crypto payments with credit cards, and others to be revealed later. With these new [...]]]>

Over the years, we have educated our readers about cryptocurrency and cryptocurrency trading. We appreciate the numerous readers that have followed us consistently. If you are reading this, we know you are one of them, and we do not make light of this.

Our reviews cut across various topics — Bitcoin exchanges, trading bots, trading signal providers and digital banking — in a bid to guide our readers into making educated decisions regarding their investments in the investing sphere. Just like our name, we aim to present smart investment options to our community. We find this necessary because the cryptocurrency and the investment world is ridden with cynicism. Many are skeptical about making investments because they are afraid of the risks, afraid of losing money. Others assume that investments are too complicated to understand. While some absolutely have no interest in making investments at all. Whether skepticism, misconception or apathy towards investments, these individuals believe the old saying: a bird in the hand is worth two in the bush. However, when it comes to money this proverb doesn’t hold.

The world has gone through cycles of economic meltdowns and inflation. As a result, money depreciates in value and purchasing power. For instance, a sum of $10,000 saved in the bank four years ago would experience little or no increase in value today — because even with accumulated interest the force of inflation coupled with rising price of goods and service would negate its value. However, if that same sum was used to purchase Bitcoin four years back when its price was $600, today that $10,000 investment would have grown to about $164,000. (Price of Bitcoin was $9,850 as at the time of writing.) In another assumption, if the person had invested the same amount into Ethereum which was $4 four years ago, today, that investment would have been worth about $610,000. (Price of Ether was around $244 as at the time of writing.)

Calculations such as these have made some individuals shrug off skepticism as they plunge into trading without understanding the basics. Driven by the desire for quick profit, they are unable to control their emotions as they trade, and this always ends in failure. Apart from trading poorly, the inability of these individuals to control their emotions also exposes them to scams like fake coins, fake ICOs, Ponzi and pyramid schemes, fake crypto exchanges, and pump and dump scams.

Trading is not a one-time affair, therefore through our articles, we aim to make our readers imbibe the right philosophy for trading. We d0n’t just want our readers to trade, we want them to learn — to see trading as a culture. That way, we are able to protect them from scams. Trading, for them, should be a long-term investment and a means of making passive income. It is for this reason we are expanding our educational articles to encompass other trading instruments such as gold, silver, exchange-traded funds, crypto payments with credit cards, and others to be revealed later. With these new articles, we don’t just want our readers to delve into trading without asking the big question, why? Why do I want to trade ETFs? Why do I want to trade precious metals?

Precious Metals

It is not uncommon for people to delve into trading precious metals (gold, silver, platinum, etc.) hoping to take advantage of price volatility. But what they don’t know is that trading instruments are not designed equally, and it is only by appreciating their nuances that they can be traded successfully. For example, the value of gold, unlike other financial instruments is not controlled by demand and supply, but by the sentiments of hoarders. When hoarders sell, the price drops; when they buy, the price increases. Hoarding is usually influenced by the instability of fiat currencies, inflation and political crises. However, this is not the case for silver whose value swings between its role as a store of value and its industrial applications. So not only is its value affected by market demand and supply, but also by its use in fashion, photography, batteries, electrical appliances and medical products.

Furthermore, our readers would learn how to speculate price trends of these metals. And since trading, no matter the instrument, follows some fundamental principles, speculating the price trends of metals should come easily to our readers given their background in the crypto market.

We are including precious metals in our repository of articles because we want to expose our readers to a wide range of investment options. Trading precious metals offers an investor a diversified portfolio as they can be traded as commodity ETFs, stocks and mutual funds, futures and options, bullion, and certificates. Recently, cryptocurrency firms (e.g. Bitcoin Suisse) are adding these metals to their exchanges so that they can be traded against Bitcoin and Ether.

Therefore, educating our readers would afford them the opportunity to enjoy the best of many trading worlds. When the crypto market rallies, they profit. When the gold market flourishes, they profit. In a case where the value of any financial instrument experiences a downturn, investors can lean on their role as a store of value, knowing that they are likely to profit in the future, no matter what the market environment at the time is.

Exchange-Traded Funds

Another form of investment that will be presented to our audience is exchange-traded funds (ETFs). An exchange-traded fund is an interesting investment because it can be likened to trading a basket of fruits. In financial terms, it is a chest of assets that is traded on an exchange. Exchange-traded funds contain every type of investment — from stocks and bonds, to commodities and currencies — which can cut across various sectors, or can be limited to one sector or industry. Based on the type of investment, ETFs can be classified into five types: bond (e.g. corporate bonds, government bonds); industry (e.g. banking, technology); commodity (e.g. gold, crude oil); currency (e.g. Euro); and inverse ETFs (where a decline in the value of stock is anticipated, and an investor intends to profit from short selling). Just like precious metals, ETFs also offer an investor a diversified portfolio. Our forthcoming articles will review the different forms of ETFs — exploring why they should be traded, how they should be traded and what should be expected while trading them.

Stablecoins

We are also looking to review an area of cryptocurrency that has not received attention from many investors and traders: stablecoins. Due to the high volatility of cryptocurrencies, it has become imperative to tether the value of cryptocurrencies to other underlying assets like fiat currencies, other crypto currencies, or exchange-traded commodities like precious or industrial metals. At present, there are about 200 stablecoins, and we are going to review a number of them and the assets they are tethered to.

Crypto payments with credit cards

Furthermore, our new articles will review crypto payments especially through credit cards. As we are wanting to do, we will examine various crypto payment platforms and their peculiarities. We understand that with the crypto bo0m, fake platforms are sprouting all over the crypto space. Thus, we have the duty — a near spiritual calling, even — to shield our audience from unscrupulous individuals and organizations out to defraud crypto users of their assets.

Our Partnerships

All this will be made possible through the series of partnerships (Coin Observatory, 4C-Trading, Fat Pig Signals, InfoCrypto and Universal Crypto Signals, and more to come soon) we are talking with different cryptocurrency and financial firms. Every month, we will reveal new partners and write a review about them. These partnerships are not just for us alone, but for our readers: we are not only writing articles to guide the financial choices of our audience, but we are also providing them with the best platforms on which these financial choices can be planted and nurtured.

As a community-centric platform, we also encourage our audience to scout and share new investment opportunities with us, so that together, we will fulfill our objective of building a community of investors who make sound financial decisions and put themselves on a path to financial freedom.

We are excited to take you on this journey. It marks a new beginning for us and we know it marks the same for you. So fasten your seatbelt. Let us go to the moon!

]]>https://smartoptions.io/smart-options-is-expanding-into-something-new/feed/0Is Bitcoin (BTC) the New Gold?https://smartoptions.io/bitcoin-btc-is-bitcoin-the-new-gold/
https://smartoptions.io/bitcoin-btc-is-bitcoin-the-new-gold/#respondWed, 03 Jun 2020 13:25:41 +0000https://smartoptions.io/?p=10832As the world struggles to contain the spiral effects of the novel coronavirus on the economy, nations worldwide are reviewing their policies to maintain a measure of stability. Today, we have governments enacting what they term “quantitative easing” with goals of increasing the supply and circulation of money, thus in doing so create some new bitcoin gold news for us. As both bitcoin vs gold narrative and the irony of being able to now buy gold with Bitcoin has your traditional cryptocurrency exchange buying and selling not only metals but currencies such as the usd eur and even commodities as they seek to diversify not only risk but their income on what was once only a place to trade your favorite digital currency. Both Metals and Crypto are being more and more seen as safe-haven asset classes to hedge against inflation by not only individuals but governments as well.

On the shorelines of these measures are institutional and retail investors searching for diverse ways to hedge against the looming financial crisis. While the more traditional way of circumventing volatility has been with gold or other safe-haven assets, a relatively newer method appears to be threatening its place. industry-leading exchanges like worldsmarket usher in a new breed of cryptocurrency trading platforms allowing for a myriad of deposits and withdrawals mixing different digital assets, metals and currencies together in this new world of trading.

Now, points are being made about digital currencies, especially Bitcoin joining the “safe haven assets” bandwagon. Though not without its issues in the past, Bitcoin has proven to be a unique representation of currency and an asset.

As a result, there is a school of thought that pitches Bitcoin and gold together as a safe place for investors to hide during extreme volatility. For this piece, we highlight the correlation between Bitcoin and Gold, as well as their place in the financial world with adjusting the high volatility nature of digital asset trading in both terms of profits and losses as well as real future intrinsic value for the digital investor vs the short term trader.

Why Gold?

For ages, Gold has been considered as one of the most valuable and predominant means of wealth transfer. It has, through years of civilization, been proven as a unique store of value. Though replaced by relatively lesser metals due to debasement and inflation in time past, it was tethered to US Dollar till President Dixon discontinued the correlation in 1971.

As such, Gold remains one metal without links to any government-issued currency as well as other assets – which only served to increase its value. Today, its independence has gained it a place as a safe haven, even in the face of extreme economic uncertainties.

Investors looking to diversify or rein in profits despite sharp dynamicity in the financial markets have been found to move a part of their interests to gold and other independent assets.

However, while this had fuelled its high demand, supply and circulation have [...]]]>

Save yourself from inflation an explanation about Bitcoin the digital Gold?

As the world struggles to contain the spiral effects of the novel coronavirus on the economy, nations worldwide are reviewing their policies to maintain a measure of stability. Today, we have governments enacting what they term “quantitative easing” with goals of increasing the supply and circulation of money, thus in doing so create some new bitcoin gold news for us. As both bitcoin vs gold narrative and the irony of being able to now buy gold with Bitcoin has your traditional cryptocurrency exchange buying and selling not only metals but currencies such as the usd eur and even commodities as they seek to diversify not only risk but their income on what was once only a place to trade your favorite digital currency. Both Metals and Crypto are being more and more seen as safe-haven asset classes to hedge against inflation by not only individuals but governments as well.

On the shorelines of these measures are institutional and retail investors searching for diverse ways to hedge against the looming financial crisis. While the more traditional way of circumventing volatility has been with gold or other safe-haven assets, a relatively newer method appears to be threatening its place. industry-leading exchanges like worldsmarket usher in a new breed of cryptocurrency trading platforms allowing for a myriad of deposits and withdrawals mixing different digital assets, metals and currencies together in this new world of trading.

Now, points are being made about digital currencies, especially Bitcoin joining the “safe haven assets” bandwagon. Though not without its issues in the past, Bitcoin has proven to be a unique representation of currency and an asset.

As a result, there is a school of thought that pitches Bitcoin and gold together as a safe place for investors to hide during extreme volatility. For this piece, we highlight the correlation between Bitcoin and Gold, as well as their place in the financial world with adjusting the high volatility nature of digital asset trading in both terms of profits and losses as well as real future intrinsic value for the digital investor vs the short term trader.

Why Gold?

For ages, Gold has been considered as one of the most valuable and predominant means of wealth transfer. It has, through years of civilization, been proven as a unique store of value. Though replaced by relatively lesser metals due to debasement and inflation in time past, it was tethered to US Dollar till President Dixon discontinued the correlation in 1971.

As such, Gold remains one metal without links to any government-issued currency as well as other assets – which only served to increase its value. Today, its independence has gained it a place as a safe haven, even in the face of extreme economic uncertainties.

Investors looking to diversify or rein in profits despite sharp dynamicity in the financial markets have been found to move a part of their interests to gold and other independent assets.

However, while this had fuelled its high demand, supply and circulation have been relatively low, especially in the face of market corrections and debasement policies.

Bitcoin: The Digital Gold

Bitcoin came in at a point when the financial world seemed to glean from technological disruptions. Much like the physical gold, it was developed as an alternative but a unique payment system to foster financial inclusion in several parts of the globe. Inherently less heavy to carry around using a software digital wallet or even one of the many types of hardware wallets instead of a wheelbarrow to carry around.

Its lack of a central controlling authority and independence of other market entities fuelled its rise to the position of digital gold. True to form, Bitcoin undergoes a series of mechanisms for its availability.

Like gold, availability is made possible by a group of miners that combines computing powers to validate transactions on the network. The Bitcoin network represents an actual gold mine, and miners are rewarded with the digital gold for every successful validation.

Bitcoin has a limited amount i.e., 21 million tokens for circulation, and to ensure a debasement does not occur or the market is not flooded, block rewards are frequently halved. Beyond providing the relevance of Bitcoin in the market, it also ensures that there is still enough Bitcoin to last for an extended period.

Correlations between Physical Gold and Digital Gold?

While the similarities between gold and Bitcoin lies in their scarcity or limited supply and practical decentralization, the narrative that Bitcoin might be replacing gold as a safe haven asset is not as prevalent as thought.

According to the multivariate extreme value research by the Economics department at the University of Pretoria, the combination of equity markets with Bitcoin shows a sharp decrease in correlations of extreme returns during steep market movements.

The study indicated that much like physical gold, Bitcoin could serve as a relief system for diversification during turbulent periods. However, several comparisons of the two assets showed layers of differences in their systems – some of which are highlighted below:

Recognition and Transparency

The uniqueness of a monetary system is its transparency. Gold has been established as a historical store of value with a unique and transparent tracking system. It is quite difficult to pass off fake gold, steal, or even corrupt it without due attention called to it.

Bitcoin, on the other hand, has only been around for a decade. Its blockchain-based background imbues it with transparency and immutability, which makes it quite difficult to compromise.

However, the safety infrastructures in place for both asset classes are relatively different. Bitcoin is a digitally-enhanced currency that makes its storage susceptible to breaches due to the sophistication of digital tools these days.

Furthermore, you’d find several measures of distrust levied against it due to the anonymity of this digital gold. The consequences of this unique feature remained that you can barely trace the location of missing Bitcoins, and it can be widely used for malicious purposes such as money laundering.

Viability and Value

As a store of value and an alternative payment source, both gold and Bitcoin has found different use cases in the financial world. Accordingly, gold has been the millennial currency with several applications that spreads beyond luxury assets like jewelry to electronics and other industries.

Bitcoin is not precisely lagging in this aspect. It has a unique baseline value, which has been fuelled by the waves of inclusion in banking systems and financial infrastructures. Bitcoin especially allows a transparent transfer of value with relatively low fees.

However, probably due to the time frame of its development and its decentralized nature, its potential as a system of wealth transfer has not been fully harnessed. In fact, a different school believes that due to its digital nature, it lacks the spunk and value that could be seen with gold.

Director of Investment at Delegate Advisors, Jim Powers, highlighted that Bitcoin couldn’t replace gold as a store of value due to the millennial validation. He stated that there is a certain reliance of Bitcoin on the internet that could lead to its collapse in the most extreme cases.

“In an end-of-the-world-style financial apocalypse, individuals can still hold and trade physical gold but try buying a loaf of bread with Bitcoin if the Internet stops working.”

Market Liquidity

Though both rare, gold is more accessible than Bitcoins. Like Jim Powers’ assertion, the digital nature and relative newness of the cryptocurrency placed a limit on its market liquidity.

It is easier to trade physical gold with fiat than Bitcoin. While there have been subsequent developments for availability, there are still limited exchanges to buy Bitcoin directly with fiat, unlike gold. As such, there are imposed restrictions on the liquidity of the Bitcoin market.

Gold, on the other hand, has its liquidity based on the availability of trading spaces. Its independence makes it such that even in the direst situations, people will continue to trade gold.

Economic Uncertainties and Volatility

Bitcoin has proven to be subject to market sentiments and, thus, is a victim of volatility. Bitcoin has been through a season of marginal highs and extreme lows. There was a point it peaked at $20,000, only to have it fall below the $4000 mark.

The instability of the market has been a concern for investors willing to diversify their portfolio in this respect. Arguments about the price volatility of the so-called digital gold point to the fact that it is still relatively new, unlike other fiat systems and asset classes.

Several Bitcoin enthusiasts indicated that there should be a near-stability in price if it sticks around for, say a new decade. Irrespective of this, Bitcoin’s volatility challenges its place as a safe haven asset.

This is because the physical counterpart, gold, hardly goes through the extremities associated with Bitcoin. It has an independence that makes it relatively unaffected by the news and other market dynamicity.

Could Bitcoin Replace Gold as a Safe Haven Asset?

Despite its limitations, Bitcoin has proven to be a resilient system of wealth transfer and has carved a path as a reliable investment option. Accordingly, there have been several developments in the crypto sphere, providing much-needed stability to the digital payments landscape.

However, despite the popularity of Bitcoin as a safe haven asset, it shows relatively little correlation with the physical gold. They are different entities and can be used accordingly to diversify investment options.

While they have similarities, Bitcoin poses way too much volatility for investors with low-risk tolerances and wealth protection as their fundamental goal. This, in every sense of the world, makes gold a safer choice for investors, especially in the face of the economic uncertainties.

]]>https://smartoptions.io/bitcoin-btc-is-bitcoin-the-new-gold/feed/0Interview with the VCT Platinum Group 100% winning traderhttps://smartoptions.io/interview-with-vct-platinum-groups-100-winning/
https://smartoptions.io/interview-with-vct-platinum-groups-100-winning/#respondWed, 18 Dec 2019 20:17:39 +0000https://smartoptions.io/?p=10600In this article, we want to highlight the incredible performance of a 100% winning trader, with over 30 years of trading experience they are not your typical signal provider. This is a provider that many other signal providers are amazed by.

Most signal providers were not even born when he started trading. We are speaking of Verified Crypto Traders’ own Platinum group and their amazing results which are 100% on their trades, year to date! In this interview, you can see how a true professional trades and not only grows his capital but protects it too. *Do note that the method and experience of this trader is designed more like an actively managed hedge fund, with the ideas of capital protection and steady growth.*

Smart Options – Hi Erik you are the lead trader for Verified Crypto Traders Platinum group and have over a 100% win rate! That is fantastic, how do you do it and what is your method of trading?

VCT Platinum – Hello there! I have traded for over 30 years, studying and trading almost all the markets you could imagine, so the knowledge I have is long fought and won. Most signal providers I find are just kids who hide behind hype/marketing and in reality, likely are not even profitable because they simply don’t have the discipline and knowledge to not get REXT by the markets. My method of trading is purely technical/algorithmic in nature with an extreme on mathematical modeling for probabilistic price events. Now don’t get lost in the 100% win rate, as that is only because of my dollar-cost averaging up and down with hedged positions to minimize risk, and then profit by closing each individual position in profit. What helps me is the fact that my calculations all seem to come true at some point which is where members are amazed and should be lol.

SmartOptions – Can you for our readers go a bit more into the details of your method or technical analysis you use to trade?

VCT Platinum – Well my background outside of trading was engineering with an emphasis on pure maths or the “Elegants” as I call them. I have spent years developing trading systems/methods based on {TIME} time is the hardest to understand and control of variables for trading, and it is also the most profitable and powerful when used correctly. I develop algorithms and methods used in trading with {TIME} to profit from the market structures/movements. I am basically a {TIME} Mechanic. I have 3 different main algorithms based on TIME/GEOMETRY/ENERGY that work together to give me a complete picture of what is likely to occur with high probability.

SmartOptions – This sounds way beyond any of the TA we have heard of from any other signal provider, heck way beyond anything I have ever even heard of in trading. How do you communicate this to your members and how do they understand it?

VCT Platinum – Not many care really, in trading all that most people care about [...]]]>

In this article, we want to highlight the incredible performance of a 100% winning trader, with over 30 years of trading experience they are not your typical signal provider. This is a provider that many other signal providers are amazed by.

Most signal providers were not even born when he started trading. We are speaking of Verified Crypto Traders’ own Platinum group and their amazing results which are 100% on their trades, year to date! In this interview, you can see how a true professional trades and not only grows his capital but protects it too. *Do note that the method and experience of this trader is designed more like an actively managed hedge fund, with the ideas of capital protection and steady growth.*

Smart Options – Hi Erik you are the lead trader for Verified Crypto Traders Platinum group and have over a 100% win rate! That is fantastic, how do you do it and what is your method of trading?

VCT Platinum – Hello there! I have traded for over 30 years, studying and trading almost all the markets you could imagine, so the knowledge I have is long fought and won. Most signal providers I find are just kids who hide behind hype/marketing and in reality, likely are not even profitable because they simply don’t have the discipline and knowledge to not get REXT by the markets. My method of trading is purely technical/algorithmic in nature with an extreme on mathematical modeling for probabilistic price events. Now don’t get lost in the 100% win rate, as that is only because of my dollar-cost averaging up and down with hedged positions to minimize risk, and then profit by closing each individual position in profit. What helps me is the fact that my calculations all seem to come true at some point which is where members are amazed and should be lol.

SmartOptions – Can you for our readers go a bit more into the details of your method or technical analysis you use to trade?

VCT Platinum – Well my background outside of trading was engineering with an emphasis on pure maths or the “Elegants” as I call them. I have spent years developing trading systems/methods based on {TIME} time is the hardest to understand and control of variables for trading, and it is also the most profitable and powerful when used correctly. I develop algorithms and methods used in trading with {TIME} to profit from the market structures/movements. I am basically a {TIME} Mechanic. I have 3 different main algorithms based on TIME/GEOMETRY/ENERGY that work together to give me a complete picture of what is likely to occur with high probability.

SmartOptions – This sounds way beyond any of the TA we have heard of from any other signal provider, heck way beyond anything I have ever even heard of in trading. How do you communicate this to your members and how do they understand it?

VCT Platinum – Not many care really, in trading all that most people care about is if they are profitable in the end. Since I am profitable and have a high degree of accuracy/safety in my trading the feedback I get is they are happy, yes some are amazed by some of the accuracy, of which I give credit to the markets and I would only give credit to my ability to pay close attention to the multiverse of variables and listening to truth of the markets. As far as communication with members, I like to make videos weekly so they are abreast of the current state of events in the crypto market.

SmartOptions – How much of your trading is a calculation vs say an art/skill?

VCT Platinum – Very good question, what comes first the chicken or the egg and if you want the answer you should watch “The Watchman” on HBO to get it. *Spoiler alert* Many of you might be too lazy for that so I could just tell you, but… Nah I won’t. Trading is skill, art or raw calculations. You can measure it any way you wish, in the end it just is. To me it is mostly mathematical, but then again my skill at math is an art 🙂

SmartOptions – When you stated that your trading for the VCT Platinum Group is very much like an active hedge fund manager/institution, what exactly do you mean by that?

VCT Platinum – My calculations and trading take into account the moving of very large funds/amounts of money in and out of the market instead of just a bunch of small retail accounts. I trade for size, safety and growth putting the best balance of risk/reward I can in place, which gives me a focus for great consistency/accuracy. How I calculate liquidity is another piece of the puzzle that runs in the background, in short, it is designed for institutional volume/trading. There are smaller accounts that use my analysis effectively too, so it is not only whales that benefit from my trading. But if you have to scale in and out of the market in size, I happen to have the know-how in spades 😉

SmartOptions – What challenges do you have or what most upsets you about trading the crypto markets?

VCT Platinum – Let me surmise it for you within the context of the VCT Platinum Group: #1 The Cornix bot used by VCT and many others is not very usable or stable even and unfortunately is the most popular solution for most trading groups. I suppose it’s low-cost structure and interoperability with Telegram Chat are the only reasons people use it. It’s poor usability and speed make it impossible for short term trading, which requires the speed of a few clicks simply made like using say Bitmex directly, it is way different then the professional trading solutions you find in many other markets and their respective exchanges. Having to type in orders like you were using command-line UNIX from the 80s with a built-in lag is a bit limiting. Much of my dislikes for the crypto market are the poor programming solutions and how they overcharge for their crap products across the board.

SmartOptions – How about we look at the flip side and ask what do you like about trading the crypto markets then?

VCT Platinum – Crypto is a young raw market, with tons of volatility and enormous spreads and arbitrage opportunities. Any professional market maker and even the unprofessional ones that likely work for many crypto exchanges or privately for themselves can make imo an easy living in this space. Those who are well-capitalized and supported even more so. Outside of that, I am a true believer in what crypto represents and that is FREEDOM! Real freedom for the common man and that is the problem it has with governments, as they are naturally looking to turn their citizens into sheep and pen them up. The sad thing is most go along with this willingly, but crypto represents an evolution of consciousness that we inherently know and seek out. This freedom that is entangled with the freedom of knowledge we gain each and every day from our daily use of the internet. So Bitcoin really is the currency of the internet and like how the internet works it will not be undone by any or even all governments.

SmartOptions – You say some pretty heavy stuff man! Very cool, can I ask why you think so little of most signal provider groups?

VCT Platinum – Most groups advertise HYPE and fake results for the most part, along with their ridiculous use of leverage which now only gets worse with exchanges like Binance offering margin, which will lead many to get REKT in the end. Most signal providers can’t trade and only make money from having subscribers, many of them are like their members completely delusional. Markets don’t care, real traders trade and all a real trader has is his profit and loss to stare at in the end.

SmartOptions – So you were a buyer from 5-3k and then went short all the way back to 13k and now are a buyer again from the low 7k range? That is pretty good where do you see BTC going from here and what clues can you give us as to why or when?

VCT Platinum – With this move under $7000 currently I have switched from being in short positions to now trading to the long side. So I am now an overall long closing the last of my shorts and will be looking in the future to a move 5x-10x above our all-time high around $20,000. You have many alignments and geometries of the supply/demand slowly lining up. I also have noted that the conglomerate of shorts who sold all the way back to the recent $13,000 range and have many shorts to cover still, and you might wish to look for odd behavior/numbers coming from the leaders of those shorts who pumped the market to that extreme not mentioning any names, “Bitfinex lol”… They imo have a lot of inventory to clear which I see them doing in drips and drabs recently. You can point out to odd things such as a high number of longs maybe on say a given exchange when the market is dropping hard and showing sells all over the place 😉 many many clues all over the place one can follow over time.

SmartOptions – So you think the moves we have seen the past of which we went to almost 14k was mostly executed by a group of manipulators!?

VCT Platinum – Yes the exaggeration and speed is a clue in itself as they repeat their own emotional ideology in the charts over and over, the people doing this are very very impatient by their nature, which shows up in the charts. In all trading realms, you have people/groups we call LEADS or HAMMERS in the market that look to take advantage of their size in the market place, along with herd mentality that helps them profit. Of course, this is only my opinion as to who, but the great thing about BTC is the transparency it provides, unlike almost all other markets you have tons of clues to follow as to the money flow by simply tracking the transactions from one address to another. Unfortunately, as all markets have taught me it is more about which team you are on rather then who or what is being done in terms of what one would call manipulation, this is a game of control, who cares if it is a group of individuals, exchanges or even governments. Those with size in a given space will look to take advantage of that size just like they always have by the simple nature of it. The suspected group loves to mouth off and stated exactly their intentions before the move to above 13k by the way lol. Here listen to it @ 4:25 on the secret recording that Chico Crypto pointed out in his youtube video.

SmartOptions – What is the ideal size to trade with the Platinum Group as you stated it was designed to be traded with safety and growth like a large fund, if one was interested how many BTC should they have to start?

VCT Platinum – Another very good question, imo that is up to them as I am not a financial advisor or money manager as just about no group in this space is, we are just traders of which some of us have different risk/reward characteristics. Mine just happens to be designed closer to an actively traded hedge fund with an extreme knowledge or markets that give me a much higher degree of safety, you won’t see me using large amounts of leverage, where most providers you will see using 10x to 25x and some even higher which leads to the many stories I often hear of accounts being blown. With how I manage/map out liquidity, the ideal would be 100 or more BTC and above, but even the guy with a few BTC have stated due to my professional trading skills they have done very well with the Platinum Group so again that is one of those things really left to the individual. My philosophy is simple I respect the markets and humble myself to them as I have the past 30+ years and I listen to what they tell me with the intent to reduce risk and increase profits the best the market will allow me to, it is basically that simple. The market is like a woman and as her man you have a choice, you can either be happy or right. I choose to be happy 🙂

SmartOptions – Many like to regard you as a crypto trading Oracle, do you have any Oracles or Traders you look up to?

VCT Platinum – There is only one group who are shrouded in secrecy that was started/run by “Jim Simons” called Renaissance Technologies, it is a firm of basically scientists/mathematicians who work together to trade and at one time the most successful and largest hedge fund in the world. Like them, I love math and trading. Like them I rather live alone in secrecy. I mean who the ____ is going to really care about Navier–Stokes equations, hidden Markov models, thermal equilibrium, entanglement, halting problem or the sequential modeling of the thermodynamic properties of multicomponent systems and engineering them. So I live in my own little weird world, of which I try not to abuse others with conversations that will make them feel as if their brains will start to drip out of their ears. In the world of mathematics, it is super easy to hide. Outside of that, I enjoy listening to fund managers and people in the industry, that I simply know are very smart people, such as a Paul Tudor Jones or say a Steve Eisman who like me has been a fan of shorting Deutsche Bank and other European banks which are well the NExT big shorts imo. Lots of systemic issues in Europe that are starting to unwind.

SmartOptions – Since you brought it up, can I please ask about what stocks you like *brings up a note pad, sorry but since you trade many markets and are damn good! Some of our readers might enjoy knowing your thoughts.

VCT Platinum – Uhmmm, Ok outside of the negative of waiting for some European bank failures, my favorite for over the past 3 years is Tesla, of which I recommend everybody owns one of their cars. Best cars ever! They are so far above their competition in this space with growth that should be off the charts, it is like imo owning Apple when they were in $20-$30 a share. The last one I will give you is AMD, they are killing Intel and making some giant steps forward in processors that are simply leaving Intel in the dust.

SmartOptions – The results you have achieved are simply amazing, I can see why many regard you as an Oracle in the crypto trading world, a true standout for sure. Thanks again for you time and any of those interested in what the VCT Platinum Group does please go here to check them out!

VCT Platinum – You are very welcome, Happy Holidays to All!

and in Closing…

VCT’s Platinum Group with Erik their OG old school big-time trader and frigging amazing accuracy are the best of the best. Though I wish he was like other providers on the site who use more leverage as the timing of some of his calls are so close to perfect that he could have 100x returns in my humble opinion if they used higher leverage as other providers do, but that is just my own spin on it! The Platinum Group is not like other groups this I can see was designed more for whales and those with larger funds to trade with safety, and consistent profits in mind. One other emphasis Erik left from the conversation was “It’s not how much money you make, but how much money you keep.” that I am told is the true talent of a trader! He who can add profits year after year consistently growing and growing, again year after year. That is what the Platinum Group does, in up or down markets, with the highest end of professional integrity that you may ever find in the crypto trading world. In thinking how over 80% of people get REKT by the market, one can’t argue with them! If you are interested in the “Platinum Group by Verified Crypto Traders” feel free to check them out below!

]]>https://smartoptions.io/interview-with-vct-platinum-groups-100-winning/feed/04C-Trading introduces customizable subscriptionshttps://smartoptions.io/4c-trading-introduces-customizables-subscriptions/
https://smartoptions.io/4c-trading-introduces-customizables-subscriptions/#commentsThu, 10 Oct 2019 17:48:54 +0000https://smartoptions.io/?p=105164C-Trading changes their subscription model for more options for the users, improved pricing and additional value!
What do they say?

“We are happy to announce that we have changed our subscription model in favor of our members and those who will become members in the future. The good news for all current members: You will receive free additional value with our brand new TRADE ROOM. The Trade Room is the ultimative room to learn about the market, possible trade set-ups, discuss ideas and have access to professional traders at all times. Regular Livestreams, a share and care community chat, tons of educational material and the famous Diamond Report make the Trade Room the PLACE TO BE! With the Trade Room as the entry level subscription we want to give you a chance to have access to the best cryptocurrency community while not paying a tremendously high price. Even better- with the new subscription model you can cherry pick your Add-Ons such as Trading Signals, SMART Bot and Gems (More to come)”

While 4C-trading used to have a tier based
model subscription which is the common model for most crypto trading signal
providers, they now offer full customization on their packs. For example: You
don´t want trading signals but still have access to the Gem reports and
investment letters, no problem! From now you can book it through the Investors
Add-On. The same goes for the famous SMART USD bot for example. You might not
be interested in crypto gems but want access to the bot- Great, just go for the
SMART Bot package.

These are the BRAND NEW PACKS:
New Packages and Prices from 4C-Trading

What’s new and what’s cool?

“The Trade Room” The entry level pack in 4C-Terms which is designed to give access to traders via chat and livestream while covering market updates as well as trading education. The Trade Room comes with market Livestreams, market updates, a share and care community chat with traders, educational material and the famous Diamond Report. Member of the Trade Room can additionally purchase their most favored Add-Ons:

“The
Signal Add-On”
On top of what you’ve been reading about in the Trading Circle you will also
get access to: The trading signals on Bitmex and Binance, a VIP Signal chat
room and last but not least; API-Bots to automatically follow the signals that
are created by the 4C Trading Team.
“The Investors Add-On”
While the The Signal Add-On is perfect for everyone who actively wants to trade
the cryptocurrency market, the Investors Add-On brings you the famous Gem
Reports (in an updated format), a dedicated VIP chat with educated investors,
weekly technical entries and access to the monthly Investors Letter.

“The
Smart Add-On”

The SmartUSD bot, the ultimative trading bot
to accumulate USD by automatically trading BTC/USDT. It protects and grows your
capital and has significantly outperformed a buy and hold strategy by
accumulating 2x gains over the period of 16 month. The SMART Bot is fully
automated,
Get it ALL

Last but not least you have the “All in Pack”!

Which simply includes everything mentioned
before at a reduced price. On top of that: If one decides to purchase this pack
for a year [...]]]>

4C-Trading changes their subscription model for more options for the users, improved pricing and additional value!

What do they say?

“We are happy to announce that we have changed our subscription model in favor of our members and those who will become members in the future. The good news for all current members: You will receive free additional value with our brand new TRADE ROOM.

The Trade Room is the ultimative room to learn about the market, possible trade set-ups, discuss ideas and have access to professional traders at all times. Regular Livestreams, a share and care community chat, tons of educational material and the famous Diamond Report make the Trade Room the PLACE TO BE!

With the Trade Room as the entry level subscription we want to give you a chance to have access to the best cryptocurrency community while not paying a tremendously high price. Even better- with the new subscription model you can cherry pick your Add-Ons such as Trading Signals, SMART Bot and Gems (More to come)”

While 4C-trading used to have a tier based
model subscription which is the common model for most crypto trading signal
providers, they now offer full customization on their packs. For example: You
don´t want trading signals but still have access to the Gem reports and
investment letters, no problem! From now you can book it through the Investors
Add-On. The same goes for the famous SMART USD bot for example. You might not
be interested in crypto gems but want access to the bot- Great, just go for the
SMART Bot package.

These are the BRAND NEW PACKS:

New Packages and Prices from 4C-Trading

What’s new and what’s cool?

“The Trade Room” The entry level pack in 4C-Terms which is designed to give access to traders via chat and livestream while covering market updates as well as trading education. The Trade Room comes with market Livestreams, market updates, a share and care community chat with traders, educational material and the famous Diamond Report.

Member of the Trade Room can additionally purchase their most favored Add-Ons:

“The
Signal Add-On”
On top of what you’ve been reading about in the Trading Circle you will also
get access to: The trading signals on Bitmex and Binance, a VIP Signal chat
room and last but not least; API-Bots to automatically follow the signals that
are created by the 4C Trading Team.

“The Investors Add-On”
While the The Signal Add-On is perfect for everyone who actively wants to trade
the cryptocurrency market, the Investors Add-On brings you the famous Gem
Reports (in an updated format), a dedicated VIP chat with educated investors,
weekly technical entries and access to the monthly Investors Letter.

“The
Smart Add-On”

The SmartUSD bot, the ultimative trading bot
to accumulate USD by automatically trading BTC/USDT. It protects and grows your
capital and has significantly outperformed a buy and hold strategy by
accumulating 2x gains over the period of 16 month. The SMART Bot is fully
automated,

Get it ALL

Last but not least you have the “All in Pack”!

Which simply includes everything mentioned
before at a reduced price. On top of that: If one decides to purchase this pack
for a year or more he or she will automatically obtain access to the 4C-Trading Technical Analysis Course.

The most beautiful parts of these changes are
found in the following takeaways: It’s important to understand that splitting
up packs like this allows the access to high end tools for reduced prices.
Which were previously only included in the high end packages. On top of
that: The pricing for all these packs is
reduced from what one could prior purchase at 4C-Trading and therefore much
more accessible to everyone. You can now cherry pick your subscription which is
a great way moving forward.

Technically speaking we already covered the 4C-Trading course back when it was created under CM branding. However, we never dived too deep into it and aside from that, it had quite some quality updates and additions in the meantime. Hence to why we’re writing a proper review on the course today.

Let’s start ourselves off with the content list. The content is plenty, it’s a lot actually. As the author says “You can never learn enough.” We agree with that statement. The course starts off with the trading basics, not the utter basics like “what is shorting” but the actual important basics about risk management, traders mindset and keeping proper track of your trades. Every module that this course offers goes a little step deeper into the career you’re trying to build as a trader. The author lays out the bright side but also the rough stretches of road on this particular path.

The Content List

From Candlestick Reading to Triangle Trading Strategy

4-C Trading Course – Table of Content

We recommend you to check the total contents of the course here:4C Trading Course

The beauty of this course in our opinion is that unlike other courses this course ends with an episode focused on “Putting it all together”. Which is basically an episode explaining how to calculate your profitability, where to start trading and how to patch together all the concepts in the course.

Aside from that: This course gives you fully usable strategies but aside from that the author heavily motivates you to build your own trading strategy, he also gives a proper guide on how to actually build a trading strategy. Unlike the [...]]]>

Technically speaking we already covered the 4C-Trading course back when it was created under CM branding. However, we never dived too deep into it and aside from that, it had quite some quality updates and additions in the meantime. Hence to why we’re writing a proper review on the course today.

Disclaimer

This article is for educational purposes only. We are no financial advisors. Do not make investment decisions based on this informations. The information provided from Smart Options is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance.
Please do your own research and never let anyone trade your account for you. We do not support or advertise Fund Management in any kind of manner. We solely review signal providers, their work/analysis/provided education. Please read this disclaimer and leave the website if you disagree with it.

Let’s start ourselves off with the content list. The content is plenty, it’s a lot actually. As the author says “You can never learn enough.” We agree with that statement. The course starts off with the trading basics, not the utter basics like “what is shorting” but the actual important basics about risk management, traders mindset and keeping proper track of your trades. Every module that this course offers goes a little step deeper into the career you’re trying to build as a trader. The author lays out the bright side but also the rough stretches of road on this particular path.

The Content List

The beauty of this course in our opinion is that unlike other courses this course ends with an episode focused on “Putting it all together”. Which is basically an episode explaining how to calculate your profitability, where to start trading and how to patch together all the concepts in the course.

Aside from that: This course gives you fully usable strategies but aside from that the author heavily motivates you to build your own trading strategy, he also gives a proper guide on how to actually build a trading strategy. Unlike the “strategies” you can buy online, which more often than not don’t even work that well anyway.

Quality of the material

The quality of the material is very good, a lot better than it was during our first review. The slides presented are clear and concise and the material is understandable. In the meantime the author is spending time on re-recording every single video in the course and therefore the quality of the material can only go up from where it is right now.

4-C Trading Course: Guidelines from one of the videos

Understandability

At this point we will note: For this course it is preferred that you at least know some basics, even though the author covers a lot of them (like support and resistance for example) it still will come in beneficial to keep some terms at hand. Aside from that: We understood this course fully without issues, at this point in time the course is available as an English spoken video guide. The author however ensured us that there will be subtitles for English and at a later point in French along with some other global languages. The author speaks understandable and clear English and doesn’t sound “in a hurry” at any point.

The Price

The pricing is $999 or free if you’re a member of the 4C Ecosystem (Granted that your subscription of choice includes the course). This is actually on the lower side if we compare it to direct competitors (who range between $999 and $1999). In terms of “bang for your buck” we consider this one of the better courses since it includes almost everything you need to go from zero to a profitable trader for a price lower than the competition. Not to mention: This course actually offers proper video explanations and full strategies. Unlike some of the text write-ups.

Quality of the educational environment

The usefulness of the environment is quite high. It keeps track of where you have left off, has a comment section used by only paid members (to keep the questions and answers streamlined) and it worked without any hiccups on our side. At no point we saw any hiccups or issues with the environment and the subscription part is easy to go through.

Usability of the education

Well, in essence, we had quite an easy path to walk on. The usages of all the concepts in the course are thoroughly explained and the author repeats multiple times throughout the course how important it is to patch those concepts together to get a bigger picture. We have found that both the explanations and the trading ideas/strategies are very usable in real market circumstances and we believe it to be a very solid foundation towards a profitable trading career.

Strategies

We had some time to play with the strategies, mainly backtesting and some live forward testing. The profitability of the strategies is sound and exactly what you can expect from a well-created trading course. We’re quite confident that you will not find these strategies or trading ideas elsewhere and among the courses that we’re reviewing this was a fresh wind.

Future of the course

Luckily we had the chance to talk with the author about the future of the material. And there is quite a lot of interesting stuff in the cooker. First and foremost: All the material is being re-recorded, rebranded and updated. Of course this takes a lot of time but we appreciate the effort. Aside from that there are 2 complementary and new additions planned for the course. Mainly a section devoted to mechanical trading and building trading systems. And on top of that we caught on on the fact that a “Rags to Riches” course is being developed as well. Including (but not limited to) mindset, business and general wealth accumulation (not only in trading).

Feedback

Before we go we obviously want to cover the feedback we have personally received about the course. We had the luck to interact with multiple students who are following the course and the general consensus is the same: This material will give you the ability to grow into a profitable trader. Granted that you’re willing to invest the time and effort into learning about it.

Conclusion

We are very happy to see another provider having a professional approach with unique features and a Dashboard. The support is good, the trading signals are rock solid, especially the big swings on Bitmex. Considering the fact that Whaletank is in business for a long time, it indicates that customers are happy and we are sure Whaletank will progress further. The accuracy might be a downside for some traders, however, that should not be a problem with the big winners.

First and foremost we have to say what we always have to say: Education will make you as good as the time you’re putting into the education. It’s just a general fair warning that applies to everything in life. Education, books, schools and degrees are usually very well thought out concepts: But if you don’t invest the time in it then you will not receive the benefits of them.

Important note: The course is available for purchase through contacting the E-mails listed on the website. Payments on the website are not yet supported. Access can also be obtained by subscribing to the correct 4C-Trading pack (found here: https://4c-trading.com/pricing/ )

4-C Trading Course Review

Here you can find our review on the 4-C Trading Course. The rating is 9.

Let us look at what has happened with the Bitcoin since my last analysis.

In the end, we were given an increase in Bitcoin to the price areas we had indicated in scenario 1: $11600 and $11800. The market then turned around and dropped sharply. The $10088 support was broken due to a very large sales force. Bitcoin has fallen to our light blue rectangle zone, close to the area expected for a strong rebound ($9252) .

Thus, scenario 1 took place before continuing with scenario 2, while respecting the important areas we had indicated to you.

So what can we expect in the coming days? Again, we will look at the different possibilities:

Scenario 1: Bitcoin regains buying power, it consolidates above our light blue rectangle before going to re-test the $10000 area. The latter was a support area both technical and psychological. Once broken, it can therefore turn into resistance. Scenario 2: If the $9252 support doesn’t hold and we break it with a 4h candle that closes below, the next big support will be around $8500. We won’t forget that this is also an area where there is an important gap for the future Bitcoin CME. Filling it would be normal and this could lead to a recovery in the rise.

It should also be noted that on a weekly timeframe the MACD crossed downwards, this is a bearish sign. That is why I will focus in particular on a continuation of the decline for Bitcoin.

To be followed, remain cautious and if you trade never forget to put on your stop-loss!

Graphic : https://www.tradingview.com/x/AvAg3OTJ/

Important News
>> Portugal crypto tax free :

Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country.

>> Amazon Cloud failure causes issues to crypto exchanges :

At 19:22 UTC, Aug 23rd, Amazon encounters some connection issues, making various exchanges such as Binance, KuCoin and Bitmax become unstable. Moreover, Binance had to disable their deposit and withdrawal due to the issue. Additionally, some exchanges even see a massive drop of Bitcoin, causing the price went down to approx. $1000. At the time of this writing, the majority of the connections have been recovered and Amazon is working to repair the rest.

>> Tether to launch Yuan-backed stablecoin :

ChainNews recently reported that Tether would soon launch a Yuan-backed stable under the ticker, CNHT. However, the date of the release wasn’t revealed.

>> Bitmain now worth $12B :

According to WeChat, Bitmain has ordered 600,000 mining chips which will boost the total computing power of the company by 50%. Moreover, the increment will boost the worth of Bitmain to $12B.

Let us look at what has happened with the Bitcoin since my last analysis.

In the end, we were given an increase in Bitcoin to the price areas we had indicated in scenario 1: $11600 and $11800. The market then turned around and dropped sharply. The $10088 support was broken due to a very large sales force. Bitcoin has fallen to our light blue rectangle zone, close to the area expected for a strong rebound ($9252) .

Thus, scenario 1 took place before continuing with scenario 2, while respecting the important areas we had indicated to you.

So what can we expect in the coming days? Again, we will look at the different possibilities:

Scenario 1: Bitcoin regains buying power, it consolidates above our light blue rectangle before going to re-test the $10000 area. The latter was a support area both technical and psychological. Once broken, it can therefore turn into resistance.

Scenario 2: If the $9252 support doesn’t hold and we break it with a 4h candle that closes below, the next big support will be around $8500. We won’t forget that this is also an area where there is an important gap for the future Bitcoin CME. Filling it would be normal and this could lead to a recovery in the rise.

It should also be noted that on a weekly timeframe the MACD crossed downwards, this is a bearish sign. That is why I will focus in particular on a continuation of the decline for Bitcoin.

To be followed, remain cautious and if you trade never forget to put on your stop-loss!

Graphic : https://www.tradingview.com/x/AvAg3OTJ/

Important News

>> Portugal crypto tax free :

Portugal’s Tax Authority has clarified that both cryptocurrency trading and payments in crypto will not be taxed in the country.

>> Amazon Cloud failure causes issues to crypto exchanges :

At 19:22 UTC, Aug 23rd, Amazon encounters some connection issues, making various exchanges such as Binance, KuCoin and Bitmax become unstable. Moreover, Binance had to disable their deposit and withdrawal due to the issue. Additionally, some exchanges even see a massive drop of Bitcoin, causing the price went down to approx. $1000. At the time of this writing, the majority of the connections have been recovered and Amazon is working to repair the rest.

>> Tether to launch Yuan-backed stablecoin :

ChainNews recently reported that Tether would soon launch a Yuan-backed stable under the ticker, CNHT. However, the date of the release wasn’t revealed.

>> Bitmain now worth $12B :

According to WeChat, Bitmain has ordered 600,000 mining chips which will boost the total computing power of the company by 50%. Moreover, the increment will boost the worth of Bitmain to $12B.

TRUSTED SIGNAL PROVIDER

4C-Trading - Trusted Signal Provider

]]>https://smartoptions.io/bitcoin-weekly-update/feed/0VCT Platinum Plan Upgradehttps://smartoptions.io/vct-platinum-plan-upgrade/
https://smartoptions.io/vct-platinum-plan-upgrade/#respondSun, 18 Aug 2019 15:22:00 +0000https://smartoptions.io/?p=10280Creating smart and worry-free services for our traders to maximize profit is our goal, as such we have made some significant upgrades to the platinum plan adding an additional channel, a new exchange, updated calls and some new features at no cost to you.

This new subscription plan will include a channel designated for platinum members which will focus on long calls utilizing Coinbase Pro. This new channel will give us the ability to hedge against any short positions we open on Bitmex and other exchanges. In other words, this plan will offer our customers the opportunity to engage more with the crypto market while increasing your chances of maximizing profits. There are immense benefits available in subscribing to our new Platinum plan and perhaps the most beneficial is the fact that it comes with fewer risks. Bearing in mind that the plan takes advantage of long calls you minimize the risks of being liquidated while margin trading. Also, the fact that we are hedging against short positions gives you the chance to make more profit and minimize losses at the end of the day. After an extensive test period, it is safe to say we have seen some great results and we are ready for you to benefit on the success we have witnessed.

Unlike other plans that require an upgrade to your existing membership, this plan is completely free and included in the normal pricing for the platinum membership. Additionally, when signing up for the platinum membership you can choose between only the platinum tier channels or a package including all of our other memberships such as the gold and silver channels. For example, you can choose to join the platinum channels but not the gold and silver ones. You can also select if you would like the Auto Trading bot included. The platinum plan is our most popular service due to all the perks it offers such as the Auto Trading Bot, BTC & Altcoin Signals, trades being viewable on both the exchange and telegram bot & the consistency of small trades being constantly made around the clock.

The last few months have seen great results in the platinum channel with Erik maintaining steady profits and keeping an eye out for potential profiting opportunities. Erik continues to provide value by explaining each call he makes and keeping us updated with the weekly weather reports. Erik is one of our most profitable and experienced traders and it is no surprise why. He has shown he can profit in any market whether its bearish or bullish and can capitalize on any opportunity thrown at him.

For all our current platinum tier members, this new channel will soon be available, and you will be added to the new group shortly with no additional cost or effort needed on your part. For all other members interested in upgrading to the new channel or if you have any questions please contact @VerifiedCrypto on telegram to speak to a representative or join today [...]]]>

Creating smart and worry-free services for our traders to maximize profit is our goal, as such we have made some significant upgrades to the platinum plan adding an additional channel, a new exchange, updated calls and some new features at no cost to you.

This new subscription plan will include a channel designated for platinum members which will focus on long calls utilizing Coinbase Pro. This new channel will give us the ability to hedge against any short positions we open on Bitmex and other exchanges. In other words, this plan will offer our customers the opportunity to engage more with the crypto market while increasing your chances of maximizing profits. There are immense benefits available in subscribing to our new Platinum plan and perhaps the most beneficial is the fact that it comes with fewer risks. Bearing in mind that the plan takes advantage of long calls you minimize the risks of being liquidated while margin trading. Also, the fact that we are hedging against short positions gives you the chance to make more profit and minimize losses at the end of the day. After an extensive test period, it is safe to say we have seen some great results and we are ready for you to benefit on the success we have witnessed.

Unlike other plans that require an upgrade to your existing membership, this plan is completely free and included in the normal pricing for the platinum membership. Additionally, when signing up for the platinum membership you can choose between only the platinum tier channels or a package including all of our other memberships such as the gold and silver channels. For example, you can choose to join the platinum channels but not the gold and silver ones. You can also select if you would like the Auto Trading bot included. The platinum plan is our most popular service due to all the perks it offers such as the Auto Trading Bot, BTC & Altcoin Signals, trades being viewable on both the exchange and telegram bot & the consistency of small trades being constantly made around the clock.

The last few months have seen great results in the platinum channel with Erik maintaining steady profits and keeping an eye out for potential profiting opportunities. Erik continues to provide value by explaining each call he makes and keeping us updated with the weekly weather reports. Erik is one of our most profitable and experienced traders and it is no surprise why. He has shown he can profit in any market whether its bearish or bullish and can capitalize on any opportunity thrown at him.

For all our current platinum tier members, this new channel will soon be available, and you will be added to the new group shortly with no additional cost or effort needed on your part. For all other members interested in upgrading to the new channel or if you have any questions please contact @VerifiedCrypto on telegram to speak to a representative or join today with our 30% off special discount for smart option members only!

One of the most outstanding properties
of cryptocurrency lies in its decentralization. It means that the critical
decisions are made by all network participants, and not a separate central
authority. However, the principles of decentralization, embodied in
cryptocurrencies, are not yet implemented by cryptocurrency exchanges to the
full extent. Most cryptocurrency trades take place within centralized exchanges, and not within
decentralized ones.

Centralized Exchange: The Basics

Centralized cryptocurrency exchanges
(CEX) are those exchanges that come to our minds when we think about buying or
selling Bitcoin. And this is for a reason. In fact, 90% of exchanges available
in the market are centralized. Basically, these are licensed and regulated
businesses that provide financial services.

CEX acts as an intermediary between a
buyer and a seller that ensures efficiency of the performed trades. It offers a
marketplace, where users can buy, sell, or trade cryptocurrency at a specific
cost. To perform any activity within a CEX, the user must register, verify
their identity, and deposit money.

Centralized exchanges are excellent for
beginners who want to enter the world of cryptocurrency, and who need an
interface that acts as a bridge between the traditional and cryptocurrency
economy. Since their inception, centralized exchanges have provided millions of
users with access to Bitcoin, Ethereum and other crypto coins.

Such platforms offer high liquidity as
there are many traders using them. This leads to large trading volumes across
various cryptocurrency pairs.
Examples of CEXes are Binance, Bitfinex, Kraken,
CEX.IO, Coinbase, etc.

Decentralized Exchange: The Basics

Decentralized exchanges (DEX) are
designed so that there is no third party between the participants to the trade.
As a rule, DEX does not match orders on the basis of the exchange order book,
instead it directly connects the traders who place buy and sell orders.

Decentralized exchanges provide
significant benefits to their users, and the absence of an intermediary results
in a low commission per transaction.

DEX ensures greater privacy as it does
not require personal data to verify the identity of users who trade on such
platforms. Any disclosure of identity may be needed only at the stage of
conducting transactions with the peer trader.

Security on decentralized exchanges is
greatly enhanced due to the fact that such platforms do not store users’
cryptocurrencies or fiat money. It means that there are no servers that can be
hacked.

Despite their advantages, decentralized
exchanges are not as famous as centralized platforms. Accordingly, they have
fewer customers, lower trading volumes and liquidity since it is more difficult
to find a suitable deal at a DEX.

Also, decentralized exchanges have no
options like margin trading or automated trading, which makes them less popular
among professional traders.
Examples of DEXes are Cryptobridge, EtherDelta,
Waves DEX, Bisq, etc.

Critical differences between CEX and DEX

DEXes are considered to be more secure
than CEXes since there are no central servers that support the platform. They
do not store any of the user cryptocurrency or data, which makes them less
susceptible to hacking and privacy breaches. Over the past nine
years, more than 30 hacks of centralized cryptocurrency exchanges have
taken place. Among them the Mt.Gox, Coincheck, and BitGrail hacks are the
most outstanding. Theft attempts occur every day, as fraudsters are still
searching for ways to exploit centralized system vulnerabilities.

CEXes, on the other hand, have higher
liquidity, better functionality, and more [...]]]>

One of the most outstanding properties
of cryptocurrency lies in its decentralization. It means that the critical
decisions are made by all network participants, and not a separate central
authority. However, the principles of decentralization, embodied in
cryptocurrencies, are not yet implemented by cryptocurrency exchanges to the
full extent. Most cryptocurrency trades take place within centralized exchanges, and not within
decentralized ones.

Centralized Exchange: The Basics

Centralized cryptocurrency exchanges
(CEX) are those exchanges that come to our minds when we think about buying or
selling Bitcoin. And this is for a reason. In fact, 90% of exchanges available
in the market are centralized. Basically, these are licensed and regulated
businesses that provide financial services.

CEX acts as an intermediary between a
buyer and a seller that ensures efficiency of the performed trades. It offers a
marketplace, where users can buy, sell, or trade cryptocurrency at a specific
cost. To perform any activity within a CEX, the user must register, verify
their identity, and deposit money.

Centralized exchanges are excellent for
beginners who want to enter the world of cryptocurrency, and who need an
interface that acts as a bridge between the traditional and cryptocurrency
economy. Since their inception, centralized exchanges have provided millions of
users with access to Bitcoin, Ethereum and other crypto coins.

Such platforms offer high liquidity as
there are many traders using them. This leads to large trading volumes across
various cryptocurrency pairs.
Examples of CEXes are Binance, Bitfinex, Kraken,
CEX.IO, Coinbase, etc.

Decentralized Exchange: The Basics

Decentralized exchanges (DEX) are
designed so that there is no third party between the participants to the trade.
As a rule, DEX does not match orders on the basis of the exchange order book,
instead it directly connects the traders who place buy and sell orders.

Decentralized exchanges provide
significant benefits to their users, and the absence of an intermediary results
in a low commission per transaction.

DEX ensures greater privacy as it does
not require personal data to verify the identity of users who trade on such
platforms. Any disclosure of identity may be needed only at the stage of
conducting transactions with the peer trader.

Security on decentralized exchanges is
greatly enhanced due to the fact that such platforms do not store users’
cryptocurrencies or fiat money. It means that there are no servers that can be
hacked.

Despite their advantages, decentralized
exchanges are not as famous as centralized platforms. Accordingly, they have
fewer customers, lower trading volumes and liquidity since it is more difficult
to find a suitable deal at a DEX.

Also, decentralized exchanges have no
options like margin trading or automated trading, which makes them less popular
among professional traders.
Examples of DEXes are Cryptobridge, EtherDelta,
Waves DEX, Bisq, etc.

Critical differences between CEX and DEX

DEXes are considered to be more secure
than CEXes since there are no central servers that support the platform. They
do not store any of the user cryptocurrency or data, which makes them less
susceptible to hacking and privacy breaches. Over the past nine
years, more than 30 hacks of centralized cryptocurrency exchanges have
taken place. Among them the Mt.Gox, Coincheck, and BitGrail hacks are the
most outstanding. Theft attempts occur every day, as fraudsters are still
searching for ways to exploit centralized system vulnerabilities.

CEXes, on the other hand, have higher
liquidity, better functionality, and more diverse marketplaces. Moreover, some
of them provide insurance coverage to protect user funds kept within the
platform. This is not the case with DEXes as they are mostly based on trust
between parties to the deal. These are certainly the features that lure
customers away from decentralized exchanges.

Which model is better: CEX or DEX?

It is tough to tell which kind of
cryptocurrency exchange is better as they were designed to solve different
issues. If simplicity and flexibility of the trading process are essential for
you — use centralized exchanges. If you worry about your data privacy and
anonymity — trade within decentralized exchanges. In any case, before using a
cryptocurrency exchange, read the news and customer reviews about it.

The commission for services is lower on
decentralized exchanges. But it is unlikely that a large amount of money can be
exchanged right away. Small transactions are more widespread here, because they
act as an additional method of protection against fraud.

When it comes to legality, most
centralized cryptocurrency exchanges are regulated businesses and comply with
the laws of each country they cover. Currently, operations with cryptocurrencies are
officially allowed in Australia, Germany, Sweden, Switzerland,
the USA, Canada, Japan, Finland, Denmark, Great Britain, Estonia, and Malta.
Many countries such as Indonesia, Bolivia and China prohibit the use of
cryptocurrency.

Although these two kinds of exchanges
differ, it is necessary to note that CEXes and DEXes can co-exist and even
complement each other, resulting in so-called “semi-centralized”
exchanges. Such exchanges function as CEXes, but they do not store
cryptocurrency at online accounts or central servers. Many people believe that
most cryptocurrency exchanges will switch to this model soon. Indeed, big
cryptocurrency exchanges, such as Binance, have already announced the launch of their own
DEXes. Coinsquare has acquired a
decentralized cryptocurrency exchange to further optimize its operations.

]]>https://smartoptions.io/decentralized-vs-centralized-exchanges/feed/0The Ultimate REVOLUT Digital Banking Review: How Does It Work and Who Needs One?https://smartoptions.io/ultimate-revolut-banking-review/
https://smartoptions.io/ultimate-revolut-banking-review/#respondFri, 09 Aug 2019 14:18:14 +0000https://smartoptions.io/?p=10232Revolut is a digital banking startup that
hopes to revolutionize how global citizens access and interact with banks. It
seeks to change how you send and receive money locally and internationally, how
you manage your deposits, your international travels, and the security around
your deposits as well as your exposure to advanced aspects of the financial
industry like cryptocurrencies. According to the company, Revolut sets itself
apart from conventional banking industry operatives by guaranteeing absolute
transparency in charges and fees as well as being wholly online, though it
still distributes prepaid debit cards.
But how does it really work and what are merits
and demerits of opening a current account online banker? Plus who needs their
services and why? We have the answers to these and more in this Revolut
breakdown.
How does it work?

Revolut is wholly online, and so are their
accounts. Opening a current account is quite straightforward and involves
filling in your details and verifying your identity by sending over a photo of
your face (Selfie) alongside your government issued identification document.
The fintech company will then ship you a prepaid MasterCard with your U.K
Account number and Euro IBAN number. Opening the account is free but shipping
card costs £4.99. You then have to link the card with your main account to top
it up, after which you can use it to buy or pay merchandises and services in
over 150 countries at every store institution that accepts prepaid MasterCard.
If you use it while traveling internationally,
the card will automatically convert your base account currency to the local
currencies, at the best interbank rates of the day. You can also use it to make
free ATM withdrawals of up to £200 per month. Premium and metal accounts will
also get you overseas medical insurance.

Types of Revolut current accounts currently available
Standard account:

A Revolut standard current account is free
and doesn’t need a monthly fee. It has all the basic features of a current
account that include, withdrawing the first £200 per at an ATM free of charge,
no additional fees when you pay using your card in over 150 countries and No
fee exchange for 29 currencies to a max of £5000 per month.

Premium account:

The premium account service is advanced at
£6.99 per month and adds up on the features of a standard account where the ATM
free withdrawals have an extended limit of £400 and no upper limit to
currencies exchanges per. You also get priority customer support, overseas
medical insurance, and instant access to five of the most popular
cryptocurrencies namely Bitcoin, ethereum, Bitcoin cash, Litecoin, and Ripple.

Metal account:

Metal account expounds on the benefits of
both the standard and premium accounts by extending ATM withdrawal limit to
£600 per month. Other additional features that come with the Metal account
include 0.1% and 1% cash back on all card payments for in Europe and
internationally respectively. It is, however, a subscription service that costs
£12.99 per month.

Revolut’s unique features:

Revolut is more than just a bank account or
yet another online financial services provider. The digital app services touch
on virtually every aspect of both conventional banking and financial technology
and even extends to the cryptocurrency and insurance niches. Here are some of
the most [...]]]>

Revolut is a digital banking startup that
hopes to revolutionize how global citizens access and interact with banks. It
seeks to change how you send and receive money locally and internationally, how
you manage your deposits, your international travels, and the security around
your deposits as well as your exposure to advanced aspects of the financial
industry like cryptocurrencies. According to the company, Revolut sets itself
apart from conventional banking industry operatives by guaranteeing absolute
transparency in charges and fees as well as being wholly online, though it
still distributes prepaid debit cards.
But how does it really work and what are merits
and demerits of opening a current account online banker? Plus who needs their
services and why? We have the answers to these and more in this Revolut
breakdown.

How does it work?

Revolut is wholly online, and so are their
accounts. Opening a current account is quite straightforward and involves
filling in your details and verifying your identity by sending over a photo of
your face (Selfie) alongside your government issued identification document.
The fintech company will then ship you a prepaid MasterCard with your U.K
Account number and Euro IBAN number. Opening the account is free but shipping
card costs £4.99. You then have to link the card with your main account to top
it up, after which you can use it to buy or pay merchandises and services in
over 150 countries at every store institution that accepts prepaid MasterCard.
If you use it while traveling internationally,
the card will automatically convert your base account currency to the local
currencies, at the best interbank rates of the day. You can also use it to make
free ATM withdrawals of up to £200 per month. Premium and metal accounts will
also get you overseas medical insurance.

Types of Revolut current accounts currently available

Standard account:

A Revolut standard current account is free
and doesn’t need a monthly fee. It has all the basic features of a current
account that include, withdrawing the first £200 per at an ATM free of charge,
no additional fees when you pay using your card in over 150 countries and No
fee exchange for 29 currencies to a max of £5000 per month.

Premium account:

The premium account service is advanced at
£6.99 per month and adds up on the features of a standard account where the ATM
free withdrawals have an extended limit of £400 and no upper limit to
currencies exchanges per. You also get priority customer support, overseas
medical insurance, and instant access to five of the most popular
cryptocurrencies namely Bitcoin, ethereum, Bitcoin cash, Litecoin, and Ripple.

Metal account:

Metal account expounds on the benefits of
both the standard and premium accounts by extending ATM withdrawal limit to
£600 per month. Other additional features that come with the Metal account
include 0.1% and 1% cash back on all card payments for in Europe and
internationally respectively. It is, however, a subscription service that costs
£12.99 per month.

Revolut’s unique features:

Revolut is more than just a bank account or
yet another online financial services provider. The digital app services touch
on virtually every aspect of both conventional banking and financial technology
and even extends to the cryptocurrency and insurance niches. Here are some of
the most unique features of Revolut digital banking and app:

Free transfers and automated currency exchange:

Revolut app makes it possible to send money
across the world in 29 different currencies free of markups above the current
interbank exchange rate. Transactions above £5,000 are however charged 0.5% for
standard account holders. And if you pay using their card, it will
automatically convert the payment from your main hard currency to the
international currency using the friendliest interbank exchange rates.

High-tech security features:

The revolut card and mobile app blow
competition out of the waters when it comes to security. They have made it
possible to geographically your card, activate/deactivate tap, swipe,
contactless payments, and ATM withdrawals as well as freeze or unfreeze the
card using the mobile app.

Budgeting and savings feature:

The Revolut APP budgeting feature helps you
track your monthly expenses and even create a budget. It also automatically
converts prepaid card balances to the nearest whole stacking the change in a
goal-saving account.

Revolut cryptocurrencies – WIREX:

Revolut has also partnered with Wirex to
facilitate your exposure to the crypto world. It makes it possible to exchange
29 fiat currencies into Bitcoin, Ethereum, Litecoin, Ripple or Bitcoin Cash,
effectively eliminating the need for middle-men crypto exchanges. It also
features graphs and price charts. It also is possible to set a price alert and
have the app notify you about significant price movements.

What are the pros and cons of Revolut digital bank and card?

Pros:

You can choose your account and
app base currency from a pool of 29 currencies. Switching from one of these
currencies to another in-app is instant and free of charge

Offers 24/7 dedicated customer
service and priority access to support for Premium and Metal account holders

The user-friendly app gives
near-absolute total control of your card

No markups on the interbank
exchange rate when making payments

Easy to link with your main
bank account

Instant access to the
cryptocurrency markets with price movement alerts

Free international money
transfers

Cons:

Imposes a weekend markup fee of
0.5% on all transactions involving major currencies and 1% on second-tier
currencies

Less popular currencies falling
off their 29 favorites are always charged 1% fee that rises up to 2% on weekend
and international holidays

You cannot move your crypto
coin purchases into a crypto-wallet

They don’t maintain physical
branches and all concerns are handled online

Verdict

There are several other digital banking apps that give out prepaid cards and offer a host of the basic services that you get to get from Revolt including free payment processing for international travels. But Revolt has a few more unique and pioneer features for any digital banking industry. The most predominant being the integration of cryptocurrencies, fee-free cash transfers at inter-bank exchange rates and the currency auto-exchange feature. These make it appealing to international travelers looking for free and seamless transactions as well as cryptocurrency enthusiasts.

Algorithms
are widely used in traditional trading. Since the 1980s, stock markets
integrate automated digital tools to facilitate the traders’ experience. Today,
90% of stock trades are algo-based, according to JPMorgan. It’s obvious:
machines are way better in monitoring rates 24/7 and making swift deals. You
know, reaction matters.

But
what about the crypto space? Being even more dynamic and never-stopping than
traditional exchanges, this industry faces a number of concerns related to
automation. What are the reasons? How algo trading works when it comes to
cryptocurrency? What are the pros and cons of this approach for experienced
market players? Let’s figure out.

Three Sides of Automated Trading

In a nutshell, algorithmic or automated
trading stands for making deals using specially-programmed software. Most of
the pro traders have certain plans or strategies, e.g. open a long position
when BTC below $10,000, set a Stop Loss at $9,500, and take profits above
$11,000. This and other strategies are algorithms that a user can input in the
program to automate execution.

Moreover,
there are modern algo systems based on machine learning and AI. They provide
for predictive trading. Means, users don’t have to create specific strategies
to enter markets. Instead, they should develop or purchase a preprogrammed
solution trained on Big Data. Despite the lucrative potential, such neural networks are in the nascence
stage only.

Now,
let’s look at three key algo trading options.

Bots

The
most famous approach is based on automated programs that trade on your behalf.
Bots connect to crypto exchanges using API keys, track market conditions, and
execute orders once the required condition is met. Usually, each bot is
designed for a specific exchange and coin pair but there are also universal
tools.

Ultimately,
there are two types of bots:

Preset. Algorithms are hidden and traders can’t change them. Developers
provide excessive info about trading conditions, in this case.Customizable. Users can change or set their own trading strategies while the bot
brings them to life. Often, these programs require coding skills.

Additionally,
these algorithms differ by strategies used: for long or short trades, for trend
trading or day trading, for scalping, for arbitrage, etc. Blockonomi has a comprehensive
guide dedicated to crypto bots, their differences, pros,
cons, and use cases. Check it to find a few examples of solutions.

Terminals

Unlike
bots that are focused on automation but work with only one or a few exchanges,
crypto terminals opt for the opposite. These platforms also use API keys but
connect to dozens of exchanges simultaneously. They allow users to make quick
deals by accessing several markets from one place. In addition, traders can
access other tools like coin trackers, portfolio managers, etc.

Another
distinctive feature of terminals is based on expanded functionality. While even
the leading exchanges like Binance and BitMEX offer only basic orders,
terminals support advanced stuff: Trailing Stops, logical operators, hidden
orders, and more. If you’re interested in this type, check out Superorder, Kattana
or Crypto
Terminal. Be sure to do your due diligence before paying for
any service.

Hybrid Platforms
Hybrid Platforms

Finally,
there are systems that combine features of both terminals and bots. Means, they
support automated trading at several markets gathered under one roof. As a
rule, hybrid [...]]]>

Algorithms
are widely used in traditional trading. Since the 1980s, stock markets
integrate automated digital tools to facilitate the traders’ experience. Today,
90% of stock trades are algo-based, according to JPMorgan. It’s obvious:
machines are way better in monitoring rates 24/7 and making swift deals. You
know, reaction matters.

But
what about the crypto space? Being even more dynamic and never-stopping than
traditional exchanges, this industry faces a number of concerns related to
automation. What are the reasons? How algo trading works when it comes to
cryptocurrency? What are the pros and cons of this approach for experienced
market players? Let’s figure out.

Three Sides of Automated Trading

In a nutshell, algorithmic or automated
trading stands for making deals using specially-programmed software. Most of
the pro traders have certain plans or strategies, e.g. open a long position
when BTC below $10,000, set a Stop Loss at $9,500, and take profits above
$11,000. This and other strategies are algorithms that a user can input in the
program to automate execution.

Algo crypto trading has three main incarnations:

Automated
bots.

API-based
terminals.

Hybrid
solutions.

The Three Trading Incarnations

Moreover,
there are modern algo systems based on machine learning and AI. They provide
for predictive trading. Means, users don’t have to create specific strategies
to enter markets. Instead, they should develop or purchase a preprogrammed
solution trained on Big Data. Despite the lucrative potential, such neuralnetworks are in the nascence
stage only.

Now,
let’s look at three key algo trading options.

Bots

The
most famous approach is based on automated programs that trade on your behalf.
Bots connect to crypto exchanges using API keys, track market conditions, and
execute orders once the required condition is met. Usually, each bot is
designed for a specific exchange and coin pair but there are also universal
tools.

Customizable. Users can change or set their own trading strategies while the bot
brings them to life. Often, these programs require coding skills.

Additionally,
these algorithms differ by strategies used: for long or short trades, for trend
trading or day trading, for scalping, for arbitrage, etc. Blockonomi has a comprehensive
guide dedicated to crypto bots, their differences, pros,
cons, and use cases. Check it to find a few examples of solutions.

Terminals

Unlike
bots that are focused on automation but work with only one or a few exchanges,
crypto terminals opt for the opposite. These platforms also use API keys but
connect to dozens of exchanges simultaneously. They allow users to make quick
deals by accessing several markets from one place. In addition, traders can
access other tools like coin trackers, portfolio managers, etc.

Another
distinctive feature of terminals is based on expanded functionality. While even
the leading exchanges like Binance and BitMEX offer only basic orders,
terminals support advanced stuff: Trailing Stops, logical operators, hidden
orders, and more. If you’re interested in this type, check out Superorder, Kattana
or Crypto
Terminal. Be sure to do your due diligence before paying for
any service.

Hybrid Platforms

Hybrid Platforms

Finally,
there are systems that combine features of both terminals and bots. Means, they
support automated trading at several markets gathered under one roof. As a
rule, hybrid systems are the most powerful but require solid skills from
developers. That’s why they’re still rare and valuable for crypto traders.
Already
mentioned Superorder is a bright example. The team
started with creating a simple API-based crypto trading terminal but added
automation features. For instance, users can build their own strategies and
launch them on the connected exchanges. Also, Superorder supports preset bots
that don’t require designing strategies at all.

Major Advantages of Algorithms

Trading Automation Stats

Automation
can bring trading experience to a new level. Precisely, you may be interested
in the key benefits for pro traders:

Error-free
and emotion-free. A machine is a perfect executor. It lacks
creativity in the good sense so it can’t move away from the predefined plan. As
well, algo systems reduce various errors related to mistyped amounts or coins.

Expanded
functionality. A crypto terminal is a viable choice if
you want to find new solutions. With advanced orders, it’s easier to define
elaborate strategies. Simultaneously, all the tools in one place help to focus
on the process.

More
time for analysis and/or rest. Bots and hybrid algo
solutions take care of routine stuff such as rate checks and trades. Thus, a
pro trader can dedicate more time and resources to market research or leisure.

Nearly
instant speed. Compared to common traders, bots and
terminals are way faster. They are able to make deals in milliseconds to catch
the required price or fill the order. It’s just impossible to outpace them
without other machines.

Possible Issues and Pitfalls

Well,
algo trading can be extremely profitable in the master’s hands. It benefits
professionals, without a doubt. But there are a few drawbacks you should be
aware of:

Need
for maintenance. Often, users rent a bot and forget about
it. Algorithms don’t work in this way because of high market volatility. Thus,
remember to check strategies regularly to tune them or get other bots.

Scams
and frauds. Sadly, there are companies that just
cheat on users. To avoid problems, conduct careful research and use algo
systems that provide a free trial. Thus, you can ensure efficiency and
trustworthiness.

Tech
issues. As long as bots and terminals interact with
centralized exchanges, they’re vulnerable to disconnects, hacks, and data
leaks. Remember that 100% reliable software is only a dream, as for now.

Final Takeaways

Algorithmic
solutions and, particularly, next-gen predictive services can reshape the whole
trading layout. When (and if) humans become a minority, they will not be able
to succeed in the world of machines. Even now, analysts from Bloomberg connect
the rise of crypto markets with higher popularity of algorithms, as Cointelegraph reports.

It’s
impossible to predict the future of cryptocurrencies. But algo trading has
bright perspectives to stay. It’s almost indispensable for professional active
traders so be sure to try one of the mentioned projects. Good luck!